Precipitate Gold Corporation (the "Company" or "Precipitate" or "PRG") is pleased to announce the commencement of regional exploration work on its Juan De Herrera Project in the Dominican Republic.
Orefinders Resources Inc. ("Orefinders" or the "Company") is pleased to announce that it has exercised its option and acquired the MZ group of claims which include ten claims that form the westerly extension of the Mirado mineralized zone. The MZ claims are subject to a 2% NSR half of which can be bought back for $1,000,000 and the last half for $2,000,000.
Altius Minerals Corporation ("Altius") is pleased to provide an update on its global exploration project generation activities. Over the past year, Altius has strategically increased its portfolio of exploration stage projects within select jurisdictions that are high-ranking both in terms of mineral discovery potential and investment attractiveness.
Kat Exploration is pleased to announce that it has laid claims to a copper /gold property on the Bonavista Peninsula, Newfoundland.
Cornerstone Capital Resources Inc. ("Cornerstone" or "the Company") announces the following project update for the Cascabel copper-gold porphyry joint venture exploration project in northern Ecuador, in which the Company has a 15% interest financed through to completion of a feasibility study. SolGold Plc is funding 100% of the exploration at Cascabel and is the operator of the project.
Kombat Copper Inc. ("Kombat Copper" or the "Company") has signed a definitive agreement with EBM Mining Namibia (Pty) Ltd. ("EBM") to carry out development and mining of lead/copper mineralization at the Kombat Mine while also commencing the refurbishment of the mine infrastructure and production facilities. Production is expected to commence within the year.
Troymet Exploration Corp. ("Troymet" or the Company") is pleased to update progress on its exploration projects. Troymet operates the Redhill and Golden Eagle projects in British Columbia and the Wildcat project located in Utah. Hudbay Minerals Inc. operates the McClarty Lake VMS project in Manitoba (Hudbay 60%; Troymet 40%).
Carmax Mining Corp. ("Carmax") on completion of the recently announced financing, the Company (see News Release dated December 21, 2015) is pleased to outline the 2016 Exploration Program on its 100% owned Eaglehead porphyry copper property located in northern British Columbia. The exploration program is expected to cost $1.5 million.
Kiska Metals Corporation is pleased to announce that it has entered into an agreement to sell its non-core Midlothian Project to Canadian Gold Miner Corp., a subsidiary of Transition Metals Corp.
Discovery Ventures Inc. ("Discovery") is pleased to announce the plan of activities on the Willa Gold, Copper, Silver Deposit for 2016. Discovery has received a permit to mine a 10,000 tonne bulk sample and is presently working with the different ministries to apply for a small mines permit. The company plans to initiate a Gap Study immediately to determine what additional work is required to complete the entire permitting process.
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